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TARMAT LIMITED (TARMAT)

Industrial Services · Engineering & Construction · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.49 / 100
Profitability 18Growth 30Balance sheet 100
Compare withLARSEN AND TOUBROJSW INFRASTRUCTURERAIL VIKAS NIGAM

Share price

Closing priceAdjusted for splits and bonus issues.

₹54.95 latest close · +11.9% over the last 90 sessions

₹50₹60Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹50₹60Jul 3Sep 4Nov 9

₹54.95 month-end · +3.9% over 12 months

₹50₹60₹70Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹50₹60₹70Nov '25May '26Nov '26

₹54.95 month-end · −31.9% over 3 years

₹50₹100Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹50₹100Nov '23May '25Nov '26

₹54.95 month-end · +43.1% since Jan '19

₹50₹100Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹50₹100Jan '19Dec '22Nov '26

52-week range ₹46.26 to ₹73.90 · 1-year volatility 51.7%

Was the rally earned?

+4%share price, 1 yearRoughly flat
  • The share price was roughly flat over 1 year (+4%).
  • The share count rose 4%.
Net profit growth: +129 pts. Points of the price return explained by net profit growing (or shrinking).+129 ptsNet profit growthP/E change: −121 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−121 ptsP/E changeShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4 ptsShare count changeShare price: +4%+4%Share priceNet profit growth: +129 pts. Points of the price return explained by net profit growing (or shrinking).+129ProfitP/E change: −121 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−121P/EShare count change: −4 pts. Points of the price return explained by the share count changing. More shares count against the price.−4SharesShare price: +4%+4%Share price
Net profit growth+129 ptsNet profit rose about 253%, which lifts the price.
P/E change-121 ptsThe P/E fell from 63.0x to 19.3x, which lowers the price.
Share count change-4 ptsShare count rose 4%, which lowers the price.
-32%share price, 3 yearsEarnings and multiple

Both mattered.

  • Per-share earnings took off 17 points and the multiple took off 15 points (P/E 23.2x to 19.3x).
  • The share count rose 25%.
Net profit growth: +2 pts. Points of the price return explained by net profit growing (or shrinking).+2 ptsNet profit growthP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15 ptsP/E changeShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18 ptsShare count changeShare price: −32%−32%Share priceNet profit growth: +2 pts. Points of the price return explained by net profit growing (or shrinking).+2ProfitP/E change: −15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−15P/EShare count change: −18 pts. Points of the price return explained by the share count changing. More shares count against the price.−18SharesShare price: −32%−32%Share price
Net profit growth+2 ptsNet profit rose about 2%, which lifts the price.
P/E change-15 ptsThe P/E fell from 23.2x to 19.3x, which lowers the price.
Share count change-18 ptsShare count rose 25%, which lowers the price.
+0%share price, 5 yearsRoughly flat
  • The share price was roughly flat over 5 years (+0%).
  • The share count rose 94%.
Net profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36 ptsNet profit growthP/E change: +31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+31 ptsP/E changeShare count change: −66 pts. Points of the price return explained by the share count changing. More shares count against the price.−66 ptsShare count changeShare price: 0%0%Share priceNet profit growth: +36 pts. Points of the price return explained by net profit growing (or shrinking).+36ProfitP/E change: +31 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+31P/EShare count change: −66 pts. Points of the price return explained by the share count changing. More shares count against the price.−66SharesShare price: 0%0%Share price
Net profit growth+36 ptsNet profit growth over the period.
P/E change+31 ptsThe P/E rose from 14.2x to 19.3x, which lifts the price.
Share count change-66 ptsShare count rose 94%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with LARSEN AND TOUBRO

How rough has the ride been?

Maximum drawdown-68.2%not yet recovered
1-year volatility51.7%annualised

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−68.2% 0%−20%−40%−60%2020202220242026−68.2%
Largest drawdowns

-68.2% (2024-02 peak to 2025-05 low, not yet recovered)

-58.5% (2019-01 peak to 2020-05 low, recovered 2020-08)

-55.4% (2021-07 peak to 2022-06 low, recovered 2023-10)

Is it expensive against its own past and its peers?

19.3xP/E todayWithin its usual range
Against its own history39th percentile
CheapestMedian 23.0xDearest

Usual range 10.0x to 54.5x since 2019-01.

Against Industrial Services19.3x vs 14.0x
This company
19.3x
Sector median
14.0x

37% above the Industrial Services median.

4.8x25.8x46.8x67.7xJan '19Aug '20Mar '22Oct '23May '25Nov '264.8x25.8x46.8x67.7xJan '19Sep '21May '24Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median

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P/B (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median

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P/S (this company)10th to 90th percentile of its own historyIts medianIndustrial Services median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Industrial Services is valued

Where does it rank among Industrial Services peers?

Each cell is the company's percentile rank among its Industrial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE10th▲ 3 pts vs a year ago
  • Op. margin26th▲ 9 pts vs a year ago
  • Revenue growth63rd▲ 7 pts vs a year ago
  • EPS growth100th
  • Debt/equity ↓85thflat vs a year ago
  • Cash cycle ↓12th▲ 4 pts vs a year ago
  • P/E ↓34th▲ 30 pts vs a year ago
  • 12M momentum78th▲ 35 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Industrial Services sector page Watch it move against Industrial Services in the Observatory

What is the price implying?

~22%annual earnings growth implied by the price

At a P/E of 35.9x, the price would imply about 22.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Below the ₹1,000 cr market-cap floor used for the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Industrial Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹54.95
P/E
19.3x
ROCE
3.0%
Market Cap
₹138 cr
Revenue (TTM)
₹128 cr
P/S
1.1x
P/B
0.7x
ROE
3.8%
Operating Margin
6.9%
Debt / Equity
0.1x
Promoter Holding
29.1%
12M Momentum
3.9%

52-week range

₹46.26₹73.90
31% of the way from its 52-week low to its high

Price risk

1Y volatility
51.7%
Beta vs sector
1-year daily
0.54

Balance sheet & cash

Interest cover
operating profit ÷ interest
6.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.57x
low
Share count, 1Y
+4.2%

Are profits backed by cash?

3 of 7checks within range3 beyond a threshold
Other income reliance18%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 17.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate-6%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: -6.2%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.57xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.57x (cash from operations ₹-4 cr, net profit ₹7 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+9 daysWithin range

Debtor days are above the median of the previous three fiscal years by 9 days (66 vs 57). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-285 days / 2 yrsWithin range

Days payable changed by -285 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, promoters trimmed 4.2 pts; FIIs added 1.8 pts.
  • The number of shareholders rose from 12,523 to 13,251 (+6%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters33.3%29.1%-4.2 pts
FIIs0.0%1.8%+1.8 pts
DIIs———
Public and others66.8%69.2%+2.4 pts

Number of shareholders

13,251shareholders+6% since Dec '23
13k13k14k15k Dec '23Sep '24Mar '25Sep '25Mar '26Jun '26
Dec '23: 12,523
Mar '24: 14,153
Sep '24: 14,628
Dec '24: 14,442
Mar '25: 14,358
Jun '25: 14,379
Sep '25: 14,596
Dec '25: 14,055
Mar '26: 13,485
Jun '26: 13,251
 13k13k14k15k Dec '23Dec '24Sep '25Jun '26
Dec '23: 12,523
Mar '24: 14,153
Sep '24: 14,628
Dec '24: 14,442
Mar '25: 14,358
Jun '25: 14,379
Sep '25: 14,596
Dec '25: 14,055
Mar '26: 13,485
Jun '26: 13,251

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−1.1%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like TARMAT LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −24% to +18% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (+4.0%, 80% range −3.2% to +10.7%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
MITTAL · Jul 2025: −49.8% vs market
GRAPHISAD · Feb 2025: −49.7% vs market
ALMONDZ · Jun 2025: −49.3% vs market
AJOONI · Jan 2025: −49.3% vs market
SMARTLINK · Jul 2024: −49.0% vs market
ELIN · Jul 2025: −47.3% vs market
SCHAND · Sep 2023: −45.7% vs market
SHAH · Oct 2025: −41.3% vs market
LINC · May 2025: −36.1% vs market
ZODIACLOTH · Nov 2023: −30.1% vs market
MAHEPC · Oct 2025: −29.8% vs market
GRPLTD · Jan 2020: −26.5% vs market
GHCLTEXTIL · Nov 2024: −23.9% vs market
KOPRAN · May 2024: −22.8% vs market
ORIENTCER · Oct 2023: −22.6% vs market
AAKASH · Aug 2025: −22.1% vs market
MODISONLTD · Nov 2024: −19.4% vs market
COMPUSOFT · Apr 2020: −17.0% vs market
BANG · Oct 2022: −12.2% vs market
SUNDRMBRAK · Jan 2020: −7.8% vs market
COUNCODOS · Aug 2024: −5.7% vs market
SURANASOL · Jun 2020: −4.4% vs market
BHAGERIA · Jan 2025: −3.8% vs market
BANARBEADS · Nov 2022: −3.3% vs market
HINDCOMPOS · Aug 2023: −1.5% vs market
MURUDCERA · Aug 2023: −0.6% vs market
SHREYANIND · Mar 2023: +0.2% vs market
IZMO · May 2024: +1.3% vs market
CHEMBOND · Mar 2024: +1.6% vs market
SEMAC · Apr 2020: +10.2% vs market
CLEDUCATE · Jan 2024: +10.5% vs market
ASHIMASYN · Apr 2023: +10.8% vs market
WINDMACHIN · Dec 2021: +12.2% vs market
IFBAGRO · Jun 2020: +12.5% vs market
MCL · Dec 2024: +14.7% vs market
MMP · Oct 2023: +16.3% vs market
KILITCH · Jun 2023: +17.7% vs market
SWELECTES · Jul 2021: +17.8% vs market
GUJAPOLLO · Aug 2023: +18.6% vs market
TPLPLASTEH · Feb 2024: +24.5% vs market
AMJLAND · May 2024: +38.9% vs market
PDMJEPAPER · May 2020: +48.6% vs market
VASCONEQ · Jul 2022: +52.9% vs market
NDRAUTO · Apr 2022: +56.5% vs market
PRECAM · Sep 2020: +70.8% vs market
OMINFRAL · May 2023: +84.3% vs market
SHYAMCENT · Jun 2021: +98.4% vs market
GENUSPAPER · Apr 2021: +131.4% vs market
ONMOBILE · Jun 2020: +134.4% vs market
ADSL · May 2020: +171.4% vs market
Similar setups −1.1%All companies −5.1%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge

Similar setups' median
−1.1%
All companies' median
−5.1%
Beat the market
48% vs 44%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SMARTLINK
Electronic Technology		 Jul 2024 43x5% +76%−7% −49%
CLEDUCATE
Commercial Services		 Jan 2024 26x7% +73%−5% +11%
GENUSPAPER
Process Industries		 Apr 2021 20x5% +92%−13% +131%
VASCONEQ
Industrial Services		 Jul 2022 15x2% +15%−26% +53%
MCL
Non-Energy Minerals		 Dec 2024 30x4% +52%−27% +15%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
COUNCODOS
Finance		 Aug 2024 37x7% +79%−9% −6%
NDRAUTO
Producer Manufacturing		 Apr 2022 27x6% +98%−20% +57%
WINDMACHIN
Producer Manufacturing		 Dec 2021 23x5% +118%−12% +12%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/E and drawdown from 12-month high. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to TARMAT LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

30 events since Jun '20

  1. JunPeer rankMoved into the 3rd quartile of Industrial Services on operating margin (from the bottom quartile).
  2. JunResultsEPS (TTM) turned positive.
  3. JunValuationP/E crossed above the 90th percentile of its own history to date (67.2x).
  4. JunSharesShare count is up 14.3% over 12 months.
  5. MayPriceFell 68% from the Feb 2024 peak to the May 2025 low.
  6. MarPromoterPromoter holding fell 3.4 pts to 29.8%.
  7. JunResultsEPS (TTM) turned negative.
  8. JunPeer rankSlipped to the bottom quartile of Industrial Services on EPS growth (from the 3rd quartile).
Show 22 earlier events
  1. AprDebtDebt / equity halved over 12 months to 0.05x.
  2. FebPriceRegained the 2024-01 peak, 0 months after the low.
  3. FebPriceFell 29% from the Jan 2024 peak to the Feb 2024 low.
  4. OctPriceRegained the 2021-07 peak, 16 months after the low.
  5. SepDebtDebt / equity halved over 12 months to 0.05x.
  6. JulSharesShare count is up 31.2% over 12 months.
  7. JunResultsYear-on-year EPS growth turned positive.
  8. JunPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
  9. FebDebtDebt / equity halved over 12 months to 0.46x.
  10. JulDebtDebt / equity halved over 12 months to 0.46x.
  11. JunPriceFell 55% from the Jul 2021 peak to the Jun 2022 low.
  12. JunPeer rankSlipped to the 3rd quartile of Industrial Services on EPS growth (from the 2nd quartile).
  13. JunDebtDebt / equity fell below 1.0x (0.46x).
  14. JunSharesShare count is up 23.1% over 12 months.
  15. JanPeer rankMoved into the 2nd quartile of Industrial Services on EPS growth (from the 3rd quartile).
  16. JunResultsYear-on-year EPS growth turned negative.
  17. JunPeer rankSlipped to the 3rd quartile of Industrial Services on EPS growth (from the top quartile).
  18. MayPriceRegained the 2020-12 peak, 2 months after the low.
  19. MarPriceFell 28% from the Dec 2020 peak to the Mar 2021 low.
  20. AugPriceRegained the 2019-01 peak, 3 months after the low.
  21. JunResultsYear-on-year EPS growth turned positive.
  22. JunPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1119.3x₹128 cr3.8%3.0%0.1x
2026-1018.4x₹128 cr3.8%3.0%0.1x
2026-0920.8x₹128 cr3.8%3.0%0.1x
2026-0824.2x₹117 cr3.3%3.0%0.1x
2026-0719.5x₹117 cr3.3%3.0%0.1x
2026-0619.9x₹117 cr3.3%3.0%0.1x
2026-0532.6x₹113 cr2.2%2.0%0.1x
2026-0433.2x₹113 cr2.2%2.0%0.1x
2026-0331.7x₹113 cr2.2%2.0%0.1x
2026-0255.6x₹112 cr1.8%2.0%0.1x
2026-0141.6x₹112 cr1.8%2.0%0.1x
2025-1239.7x₹112 cr1.8%2.0%0.1x
2025-1163.0x₹104 cr1.2%2.0%0.1x
2025-1061.4x₹104 cr1.2%2.0%0.1x
2025-0960.5x₹104 cr1.2%2.0%0.1x
2025-0861.9x₹101 cr1.1%2.0%0.1x
2025-0767.7x₹101 cr1.1%2.0%0.1x
2025-0667.2x₹101 cr1.1%2.0%0.1x
2025-05—₹84 cr-0.9%2.0%0.1x
2025-04—₹84 cr-0.9%2.0%0.1x
2025-03—₹84 cr-0.9%2.0%0.1x
2025-02—₹81 cr-1.0%2.0%0.1x
2025-01—₹81 cr-1.0%2.0%0.1x
2024-12—₹81 cr-1.0%2.0%0.1x
2024-11—₹90 cr-1.1%2.0%0.1x
2024-10—₹90 cr-1.1%2.0%0.1x
2024-09—₹90 cr-1.1%2.0%0.1x
2024-08—₹89 cr-0.9%2.0%0.1x
2024-07—₹89 cr-0.9%2.0%0.1x
2024-06—₹89 cr-0.9%2.0%0.1x
2024-0524.4x₹144 cr5.4%4.0%0.0x
2024-0425.7x₹144 cr5.4%4.0%0.0x
2024-0325.6x₹144 cr5.4%4.0%0.0x
2024-0239.0x₹144 cr5.4%4.0%0.0x
2024-0128.5x₹144 cr5.4%4.0%0.0x
2023-1226.8x₹144 cr5.4%4.0%0.0x
2023-1123.2x₹144 cr5.4%4.0%0.0x
2023-1024.6x₹144 cr5.4%4.0%0.0x
2023-0923.0x₹144 cr5.4%4.0%0.0x
2023-0820.3x₹144 cr5.4%4.0%0.0x
2023-0718.4x₹144 cr5.4%4.0%0.0x
2023-0619.4x₹144 cr5.4%4.0%0.0x
2023-0524.8x₹181 cr5.3%5.0%0.5x
2023-0426.6x₹181 cr5.3%5.0%0.5x
2023-0326.0x₹181 cr5.3%5.0%0.5x
2023-0222.2x₹181 cr5.3%5.0%0.5x
2023-0117.6x₹181 cr5.3%5.0%0.5x
2022-1219.1x₹181 cr5.3%5.0%0.5x
2022-1120.2x₹181 cr5.3%5.0%0.5x
2022-1017.4x₹181 cr5.3%5.0%0.5x
2022-0918.6x₹181 cr5.3%5.0%0.5x
2022-0821.4x₹181 cr5.3%5.0%0.5x
2022-0717.7x₹181 cr5.3%5.0%0.5x
2022-0616.0x₹181 cr5.3%5.0%0.5x
2022-0514.5x₹196 cr8.2%4.0%1.5x
2022-0416.2x₹196 cr8.2%4.0%1.5x
2022-0315.5x₹196 cr8.2%4.0%1.5x
2022-0215.6x₹196 cr8.2%4.0%1.5x
2022-0117.1x₹196 cr8.2%4.0%1.5x
2021-1218.6x₹196 cr8.2%4.0%1.5x
2021-1114.2x₹196 cr8.2%4.0%1.5x
2021-1016.1x₹196 cr8.2%4.0%1.5x
2021-0915.6x₹196 cr8.2%4.0%1.5x
2021-0817.0x₹196 cr8.2%4.0%1.5x
2021-0721.8x₹196 cr8.2%4.0%1.5x
2021-0615.8x₹196 cr8.2%4.0%1.5x
2021-0511.2x₹276 cr12.5%7.0%2.0x
2021-049.6x₹276 cr12.5%7.0%2.0x
2021-038.4x₹276 cr12.5%7.0%2.0x
2021-0210.0x₹276 cr12.5%7.0%2.0x
2021-0110.1x₹276 cr12.5%7.0%2.0x
2020-1210.3x₹276 cr12.5%7.0%2.0x
2020-117.5x₹276 cr12.5%7.0%2.0x
2020-107.3x₹276 cr12.5%7.0%2.0x
2020-098.6x₹276 cr12.5%7.0%2.0x
2020-087.8x₹276 cr12.5%7.0%2.0x
2020-076.6x₹276 cr12.5%7.0%2.0x
2020-064.9x₹276 cr12.5%7.0%2.0x
2020-0536.1x₹131 cr1.5%-12.0%2.4x
2020-0440.1x₹131 cr1.5%-12.0%2.4x
2020-0344.1x₹131 cr1.5%-12.0%2.4x
2020-0265.1x₹131 cr1.5%-12.0%2.4x
2020-0145.0x₹131 cr1.5%-12.0%2.4x
2019-1243.7x₹131 cr1.5%-12.0%2.4x
2019-1146.3x₹131 cr1.5%-12.0%2.4x
2019-1046.8x₹131 cr1.5%-12.0%2.4x
2019-0948.1x₹131 cr1.5%-12.0%2.4x
2019-0838.4x₹131 cr1.5%-12.0%2.4x
2019-0750.3x₹131 cr1.5%-12.0%2.4x
2019-0658.6x₹131 cr1.5%-12.0%2.4x
2019-0534.4x₹204 cr3.2%1.0%3.7x
2019-0434.2x₹204 cr3.2%1.0%3.7x
2019-0334.1x₹204 cr3.2%1.0%3.7x
2019-0229.4x₹204 cr3.2%1.0%3.7x
2019-0134.0x₹204 cr3.2%1.0%3.7x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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